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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
CONDENSED CONSOLIDATED STATEMENTS OF INCOME        
Net sales $ 699,305 $ 742,661 $ 1,420,858 $ 1,487,121
Operating Expenses:        
Cost of sales (exclusive of depreciation and amortization shown below) 441,702 469,441 892,958 938,573
Selling, research & development and administrative 123,365 113,752 249,557 234,967
Depreciation and amortization 56,429 47,867 107,235 95,356
Restructuring initiatives 7,331 1,737 12,170 11,267
Total Operating Expenses 628,827 632,797 1,261,920 1,280,163
Operating Income 70,478 109,864 158,938 206,958
Other (Expense) Income:        
Interest expense (8,734) (8,756) (17,122) (17,970)
Interest income 175 1,033 350 2,781
Equity in results of affiliates (328) 9 (1,127) (86)
Miscellaneous, net (923) (49) (2,335) 417
Total Other Income (Expense) (9,810) (7,763) (20,234) (14,858)
Income before Income Taxes 60,668 102,101 138,704 192,100
Provision for Income Taxes 18,808 28,180 41,594 55,180
Net Income 41,860 73,921 97,110 136,920
Net (Income) Loss Attributable to Noncontrolling Interests (21) (6) (18) (1)
Net Income Attributable to AptarGroup, Inc. $ 41,839 $ 73,915 $ 97,092 $ 136,919
Net Income Attributable to AptarGroup, Inc. Per Common Share:        
Basic (in dollars per share) $ 0.65 $ 1.16 $ 1.51 $ 2.17
Diluted (in dollars per share) $ 0.63 $ 1.12 $ 1.47 $ 2.08
Average number of shares outstanding:        
Basic (in shares) 64,262 63,471 64,135 63,219
Diluted (in shares) 66,384 66,232 66,246 65,842
Dividends per Common Share (in dollars per share) $ 0.36 $ 0.36 $ 0.72 $ 0.70